For U.S. tax purposes, digital assets are considered property, not currency. A digital asset is stored electronically and can be bought, sold, owned, transferred, or traded. The tax definition of a digital...
Manufactured housing communities (MHCs), also commonly referred to as mobile home parks, continue to increase in popularity, while state and local regulations governing them also continue to expand. Read...
Parties come together to form joint ventures when all involved believe that they will have greater success working cooperatively on a specific project, product, or business than they would have if they...
Learn best practices for advocating on behalf of your FDA-regulated clients in light of the new legal paradigm introduced by the Supreme Court’s decisions in Loper Bright and Corner Post . Read...
Do you need to learn about potential legal and business risks stemming from the use of artificial intelligence (AI) tools to manage employee performance and make employment decisions (e.g., screening,...
Mortgage lenders typically require leasehold interests to be subordinate to the lender’s interests. Consequently, commercial property landlords want tenants to agree to a subordination clause so that the lease is subordinate to any existing or future mortgages on the property. In exchange for subordination, commercial tenants want a non-disturbance agreement from lenders, which is contained in a subordination, non-disturbance, and attornment agreement (commonly referred to as an “SNDA”). Likewise, if the property is subject to a ground lease, the ground lessor typically requires existing leases to be subordinate to the ground lease. Use this conditional subordination clause to subordinate the landlord’s existing or future mortgages or ground leases.
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